Ranking Businesses Affirm Knighthead Annuity's Monetary Energy Rankings at A- With Secure Outlook


Knighthead Annuity & Life Assurance Firm (“Knighthead Annuity”) just lately introduced the outcomes of its annual rankings overview course of accomplished with AM Greatest Firm (“AM Greatest”) and Kroll Bond Ranking Company, LLC (“KBRA”).  

On June 24, 2020, KBRA affirmed the A- insurance coverage monetary energy score (“IFSR”) of Knighthead Annuity. The Outlook for the score is “Secure”. KBRA famous that the score mirrored Knighthead Annuity’s sound capitalization, complete enterprise danger administration framework, and profitable execution of its enterprise technique by a extremely skilled administration staff. The report famous that Knighthead Annuity continues to regulate its funding technique and to extend general diversification, enhance common credit score high quality and mitigate earnings volatility.

KBRA’s insurance coverage monetary energy score applies solely to insurance coverage working corporations and is a measure of the general monetary situation of an insurance coverage working firm with respect to its potential to fulfill its policyholder obligations.  An A-rated insurance coverage firm is outlined by KBRA as follows: “The insurer’s monetary situation is sound and the entity is prone to meet its policyholder obligations below tough financial, monetary and enterprise situations.” Knighthead Annuity’s full KBRA score report may be accessed by visiting www.kbra.com.

Knighthead Annuity additional experiences that on Aug. 12, 2021, AM Greatest affirmed the corporate’s Monetary Energy Ranking of A- (Wonderful) and the Issuer Credit score Ranking of a- (Wonderful). The outlook assigned to each rankings is “Secure.” AM Greatest reported the rankings replicate Knighthead Annuity’s sturdy steadiness sheet in addition to its satisfactory working efficiency, impartial enterprise profile and well-defined enterprise danger administration program.

Based in 1899, AM Greatest is the world’s first credit standing company and is now the biggest credit standing company on the planet specializing within the insurance coverage trade. AM Greatest score companies assess the creditworthiness of and/or experiences on over 16,000 insurance coverage corporations worldwide. AM Greatest credit score rankings summarize their opinion on an insurance coverage firm’s potential to pay claims, money owed and different monetary obligations in a well timed method. AM Greatest assigns an A- Monetary Energy Ranking to insurance coverage corporations that, of their opinion, have “a wonderful potential to fulfill their ongoing insurance coverage obligations.” The Firm’s full rankings report could also be considered at www.ambest.com.

Knighthead Annuity’s CEO, Gary Dombowsky, acknowledged, “Our firm continues to carry out at a excessive degree and our sturdy steadiness sheet and earnings are mirrored within the A- rankings assigned our agency. Since inception, we’ve engaged extremely revered score businesses to supply our stakeholders an unbiased and complete evaluation of our monetary energy. We encourage all our counterparties to overview these essential experiences.”

Knighthead Annuity is a Cayman Islands-based direct issuer of fastened and glued index annuity merchandise and a reinsurer of comparable merchandise for U.S.-based insurance coverage corporations. Knighthead Annuity experiences belongings of $3.1 billion and complete shareholder fairness of $381 million as at June 30, 2020. Mid-year outcomes are unaudited. The corporate is regulated by the Cayman Islands Financial Authority.

Supply: Knighthead Annuity & Life Assurance Firm